News : Documentation

Govt move eases electronic document execution

June 9, 2020

Issues around the electronic execution of SMSF documents have been simplified with temporary federal regulations removing different state-based requirements.

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Documentation

Conflicts clause no quick fix

June 2, 2020

Tharshini Ashokan

Conflict of interest clauses will not absolve SMSF trustees of their best interest duties, a legal firm has claimed.

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ATO, Documentation

ATO offers new commutation assistance service

May 21, 2020

Jason Spits

A new ATO service will allow trustees issued with a commutation authority to make direct contact with the regulator to resolve any problems.

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Documentation

Topdocs offers free COVID-19 relief documents

May 7, 2020

Jason Spits

Financial advisers will have free access to COVID-19 relief documents for SMSFs under a new offer from document provider Topdocs.

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Documentation

Poor docs create client minefield

May 5, 2020

Jason Spits

SMSF advisers should be working to eliminate out-of-date documents that are held by trustees to prevent strife when a death benefit must be paid.

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Documentation, Superannuation

Marsella appeal shows legal focus is on process

April 30, 2020

Jason Spits

A recent unsuccessful appeal relating to an SMSF death benefit payment has demonstrated courts will focus on trustee obligations first rather than underlying perceptions of fairness.

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ATO, Documentation

ATO open to digital signature use

April 27, 2020

Tharshini Ashokan

Using a digital signature is an acceptable option for trustees unable to meet their SMSF financial statement signature requirements as a result of social distancing measures, the ATO says.

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ATO, Documentation

ATO defers SAR lodgement date

April 22, 2020

Jason Spits

The lodgement date for SMSF annual returns has been automatically pushed out to 30 June for all funds in the latest COVID-19 relief measure from the ATO.

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Documentation

DBA rolls out no-witness BDBN

April 20, 2020

Jason Spits

SMSF trustees will be able to execute a BDBN without the presence of witnesses under a new offering from an SMSF legal firm.

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Documentation

SMSF documents likely to fail legal test

April 15, 2020

Jason Spits

Many SMSF documents are likely to fail future legal challenges and advisers should consider the source of the documents they use, according to an SMSF legal expert.

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